If I were looking to buy my first house, I would do it NOW!

1. House prices have decreased considerably making a purchase for a buyer a bargain. 

2. Interest rates are low, low and, if the buyer thinks the offered rate is too high, can probably negotiate for a lower rate. This is true particularly if the buyer is looking at foreclosed property and has excellent credit plus a more than ample down payment.

3. Sellers who are looking to unload their expensive properties will be willing to negotiate with the buyer so as to shorten the sellers market time. Currently, inventories are extremely high (in otherwards, existing housing sales are almost standing still).

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According to my source, real estate is not moving. My contention is that it is a buyer’s market. This post is particularly targeted at young people paying too much rent.

How much rent do you pay? I will use $700.00/month as an example. In 10 years, you will have paid out $84,000 for rent and when you walk away, you will have nothing. Wouldn’t it be nice to walk away with some money?

The housing market has so much current opportunity. By opportunity, I mean a surplus of available for purchase homes, available money and great interest rates. This is a buyer’s market!

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